Albioma (ENXTPA:ABIO) signed an agreement to acquire 60% of the bagasse cogeneration plant from Jalles Machado S/A on December 18, 2017. Around 60% of the investment will be financed by long-term financing. The transaction is expected to be completed by mid 2018.

Albioma (ENXTPA:ABIO) completed the acquisition of the 60% bagasse cogeneration plant from Jalles Machado S/A on December 21, 2018.